The Chief Executive Officer of Nigeria’s Presidential Initiative on Compressed Natural Gas (PI-CNG), Ismael Ahmed, confirmed on Thursday that the organisation has mobilised over $2 billion in private sector investment, accelerating the nation’s ambitious transition to domestic gas and electric vehicles (EVs).
Speaking at a major press conference in Abuja on Thursday, Ahmed announced the launch of the new operational phase, PI-CNG 2.0, emphasizing that the project had evolved beyond mere subsidy relief. “Nigeria’s CNG rollout is progressing at a pace unmatched in many parts of the world,” Ahmed stated, underscoring the success of the initial 20 months, which saw incentives rolled out across 28 states and the activation of over 58 refuelling sites.
Entering PI-CNG 2.0, Mr. Ahmed detailed plans focused on strategic localisation, supply security, and multi-energy integration. This includes establishing an Industrial Park in Ajaokuta with private investors for local manufacturing of CNG equipment to reduce import reliance.
Crucially, investments have been secured to stabilize gas supply infrastructure across the Northern Corridor, with a historic launch confirmed for Kano State in Q1 2026. Additionally, the E-Mobility Programme is now fully activated, deploying the first phase of electric vehicles in partnership with strategic OEMs.
Ahmed concluded with an unwavering commitment: “Our mission is to build a resilient, multi-energy transport ecosystem that lowers transport costs for Nigerians and positions the nation as a continental leader in clean mobility.”
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